Capstone Green Energy Secures Multiple Orders from German and Dutch Customers, Covering Various Industries
09 5월 2023 - 9:15PM
Business Wire
Leading the Way in Resilient and Sustainable
Energy Solutions, Capstone’s Microturbines Continue to Impress New
and Returning Clients in Europe
Capstone Green Energy Corporation (NASDAQ: CGRN), a global
leader in carbon reduction and on-site resilient green
Energy-as-a-Service (EaaS) solutions announced that E-quad Power
Systems GmbH, its distributor in Germany, Belgium, Denmark and the
Netherlands, has recently entered into four contracts for a total
of eight Capstone microturbines. The orders are from multiple
customers operating in several different industries.
- A German composite parts manufacturer located in Weilheim/Teck
has ordered four Capstone C65 microturbines. These units will
replace Capstone systems that have been in service for more than a
decade in a combined heat and power system, which also operates as
a part of a volatile organic compounds (VOC) cleaning application.
The commissioning is expected in June 2023.
- An offshore oil and gas exploration and production company
based in the Netherlands has placed a new order for two Capstone
C65 microturbines, updating their fleet of Capstone turbines. These
units will operate on high-pressure natural gas on mainly unstaffed
gas production platforms 300 km or 186 miles out in the North Sea.
The new units are expected to be commissioned by July 2023.
- A major oil and gas company has ordered one Capstone C65
microturbine. The unit will be used for combined heat and power and
run on associated gas from the onshore production site near
Steinhorst in Lower Saxony. The customer operates several onshore
production facilities in Germany. The new unit is expected to be
commissioned later this summer.
- Another global operating oil and gas company has also ordered
one Capstone C65 microturbine, and it will be used for local power
needs at an onshore production site. The new unit is expected to be
commissioned later this summer.
“The loyalty of our customers in returning to Capstone for
additional units to support their operations is a testament to the
reliability and efficiency of our solutions. From commercial and
industrial to oil and gas production, Capstone is helping our
customers meet their operational reliability needs with minimal
maintenance requirements while also providing environmental
benefits by lowering emissions associated with the energy
production needed to operate their facilities,” said Capstone Green
Energy President and Chief Executive Officer, Darren Jamison.
Marcus Mehlkopf, Chief Financial Officer, Dipl.-Ing
(Engineering), from E-quad Power Systems added, “The volatility of
gas and electricity prices has reached unprecedented levels,
introducing uncertainty for our customers and us. In times like
this, seeing our oil and gas customers return with new orders is
especially satisfying. It is equally gratifying to see the huge
investments we have made in new turbine markets bring in new sales
– from the innovative VOC-treatment application to turbines
operating on 100% hydrogen fuel. We are optimistic about the
potential for microturbines to play a critical role alongside
renewable energy in developing smart grids.”
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of
customized microgrid solutions, and on-site energy technology
systems focused on helping customers around the globe meet their
environmental, energy savings, and resiliency goals. Capstone Green
Energy focuses on four key business lines. Through its Energy as a
Service (EaaS) business, it offers rental solutions utilizing its
microturbine energy systems and battery storage systems,
comprehensive Factory Protection Plan (FPP) service contracts that
guarantee life-cycle costs, as well as aftermarket parts. Energy
Generation Technologies (EGT) are driven by the Company's
industry-leading, highly efficient, low-emission, resilient
microturbine energy systems offering scalable solutions in addition
to a broad range of customer-tailored solutions, including hybrid
energy systems and larger frame industrial turbines. The Energy
Storage Solutions (ESS) business line designs and installs
microgrid storage systems, creating customized solutions using a
combination of battery technologies and monitoring software.
Through Hydrogen & Sustainable Products (H2S), Capstone Green
Energy offers customers a variety of hydrogen products, including
the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries
and estimates that in FY22, it saved customers over $213 million in
annual energy costs and approximately 388,000 tons of carbon. Total
savings over the last four years are estimated to be approximately
$911 million in energy savings and approximately 1,503,100 tons of
carbon savings.
For customers with limited capital or short-term needs, Capstone
offers rental systems; for more information, contact:
rentals@CGRNenergy.com.
For more information about the Company, please visit
www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on
Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding growth expectations and other statements
regarding the Company's expectations, beliefs, plans, intentions,
and strategies. The Company has tried to identify these
forward-looking statements by using words such as "expect,"
"anticipate," "believe," "could," "should," "estimate," "intend,"
"may," "will," "plan," "goal" and similar terms and phrases, but
such words, terms and phrases are not the exclusive means of
identifying such statements. Actual results, performance and
achievements could differ materially from those expressed in, or
implied by, these forward-looking statements due to a variety of
risks, uncertainties and other factors, including, but not limited
to, the following: the ongoing effects of the COVID-19 pandemic;
the availability of credit and compliance with the agreements
governing the Company's indebtedness; the Company's ability to
develop new products and enhance existing products; product quality
issues, including the adequacy of reserves therefor and warranty
cost exposure; intense competition; financial performance of the
oil and natural gas industry and other general business, industry
and economic conditions; the Company's ability to adequately
protect its intellectual property rights; and departures and other
changes in management and other key employees. For a detailed
discussion of factors that could affect the Company's future
operating results, please see the Company's filings with the
Securities and Exchange Commission, including the disclosures under
"Risk Factors" in those filings. Except as expressly required by
the federal securities laws, the Company undertakes no obligation
to update or revise any forward-looking statements, whether as a
result of new information, changed circumstances or future events,
or for any other reason.
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Capstone Green Energy Investor and investment media inquiries:
818-407-3628 ir@CGRNenergy.com
Capstone Green Energy (NASDAQ:CGRN)
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